Brian DeChesare

OCTOBER 30, 2024

Corporate finance jobs at normal companies are bad … …if you’re using them to break into a deal-based field, such as investment banking , private equity , or venture capital , or as a “Plan B” if you interview around but do not get into one of these. In my view, corporate finance jobs are not ideal “stepping stone roles.”

Corporate Finance 105

Corporate Finance Finance Treasury Banking 105

Mckinsey and Company

JANUARY 29, 2025

Net present value is the bedrock of ROI estimates, but adding other factors to the analyses can help business leaders see how projects can advance corporate priorities beyond financial returns.

Net Present Value 127

Net Present Value Corporate Finance Finance 127

Reynolds Holding

APRIL 25, 2023

In business schools, managers are taught to maximize the net present value (NPV) of future cash flows. We propose a theory of corporate finance based on the idea that firm managers maximize EPS: the difference between net operating profits and interest expense divided by total shares outstanding. Stern, J.,

Net Present Value 45

Net Present Value Corporate Finance Finance Equity 45

Reynolds Holding

APRIL 17, 2022

Managers who anticipate these agency problems won’t invest in a moonshot even if they believe it has a positive net present value. Investors are willing to finance an innovation project when early results from the project – revenue trends, user growth, clinical trial data – reliably indicate future profits.

Technology 85

Technology Net Present Value Finance Equity 85

Musings on Markets

MARCH 5, 2025

After reporting on the total cash returned during the year, by public companies, in the form of dividends and buybacks, I scale the cash returned to earnings (payout ratios) and to market cap (yield) and present the cross sectional distribution of both statistics across global companies.

Dividends 52

Dividends Start-ups Equity Corporate Finance 52